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This report analyzes the relationship between exchange rate movements and commodity prices. The paper focuses on the effects of changes in the U.S. dollar on primary commodity prices in respect of: (i) the size of the price response; (ii) the time pattern of the price response; and (iii) the responses across commodity groups (food, agricultural raw materials and metals and minerals). The model used assumes rational expectations and efficient stockholding...
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نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)


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